A smartphone shows Semiconductor Manufacturing International Corp’s logo in front of the Chinese chip foundry’s website. Photo: Shutterstock
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China’s top chip maker SMIC posts record revenue, profits for 2022 despite US sanctions
- SMIC’s revenue grew 33.6 per cent year on year to US$7.2 billion in 2022, while net profits reached US$1.8 billion, both record amounts
- R&D spending equalled 10.1 per cent of total revenue, down for a third year from 11.7 per cent and 17.3 per cent in 2021 and 2020, respectively
Updated: 11:10pm, 29 Mar, 2023
A smartphone shows Semiconductor Manufacturing International Corp’s logo in front of the Chinese chip foundry’s website. Photo: Shutterstock
